10-04Pr_5e_s

Survey of Accounting (Available Titles Cengagenow)

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Problem 10-4 Name: Section: Score: 19% *Since some answer boxes are correct when left blank, the beginning score is greater than 0%. Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the row immediately to the right of an incorrect answer. 1. Supporting calculations: July 1 Cost of Work in Direct Direct Factory Total Unit Units Goods Job. No. Quantity Process Materials Labor Overhead Cost Cost Sold Sold No. 21 200 $20,000 $15,000 No. 22 400 34,000 26,000 No. 23 200 14,000 8,000 No. 24 250 30,000 25,000 No. 25 180 22,000 17,500 No. 26 140 8,000 4,500 Total 1,370 $128,000 $96,000 A. B. C. D. E. F. G. H. 2. July 31 balances: Materials Work in Process Finished Goods Factory Overhead Instructions
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Problem 10-4 Name: SOLUTION Section: Score: See student sheet for student's score Scoring: ON Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited.
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Unformatted text preview: A red asterisk (*) will appear in the row immediately to the right of an incorrect answer. 1. Supporting calculations: July 1 Cost of Work in Direct Direct Factory Total Unit Units Goods Job. No. Quantity Process Materials Labor Overhead Cost Cost Sold Sold No. 21 200 $6,000 $20,000 $15,000 $24,000 $65,000 $325.00 160 $52,000 No. 22 400 16,000 34,000 26,000 41,600 117,600 $294.00 320 94,080 No. 23 200 14,000 8,000 12,800 34,800 0 0 No. 24 250 30,000 25,000 40,000 95,000 $380.00 210 79,800 No. 25 180 22,000 17,500 28,000 67,500 $375.00 150 56,250 No. 26 140 8,000 4,500 7,200 19,700 0 0 Total 1,370 $22,000 $128,000 $96,000 $153,600 $399,600 $282,130 A. $144,000 B. 22,000 C. 128,000 D. 96,000 E. 153,600 F. 345,100 G. 282,130 H. 24,000 2. July 31 balances: Materials $6,000 Work in Process 54,500 Finished Goods 62,970 Factory Overhead 3,400 Instructions...
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This note was uploaded on 11/04/2011 for the course ACC 121 taught by Professor Thomas during the Winter '08 term at Baker MI.

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10-04Pr_5e_s - A red asterisk (*) will appear in the row...

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